Jamaica GDP Annual Growth Rate  1997-2017 | Data | Chart | Calendar

Jamaica's economy contracted 0.1 percent year-on-year in 2Q, swinging to contraction after a modest 0.1 percent expansion in Q1. It was the first annual contraction since 4Q14. Agriculture (-9.5 percent vs -3.7 percent in Q1) and mining (-10.9 percent vs -9.9 percent) contracted further and were the main drags to GDP. Food & beverages (0.8 percent vs 5.0 percent); utilities (0.1 percent vs 0.9 percent); and manufacturing (1.1 percent vs 2.7 percent) lost steam in Q2. In contrast, the sectors showing faster growth were: construction (1.2 percent vs 0.6 percent); wholesale & retail trade (0.6 percent vs 0.3 percent); hotels & restaurants (5.1 percent vs 1.1 percent); finance & insurance services (1.4 percent vs 1.0 percent); and real estate & business activities (0.5 percent vs 0.3 percent). On a quarterly basis, the economy expanded by 0.8 percent after a downwardly revised 0.9 percent contraction. GDP returned to growth after two consecutive quarters in contraction zone. GDP Annual Growth Rate in Jamaica averaged 0.46 percent from 1997 until 2017, reaching an all time high of 4.30 percent in the fourth quarter of 2006 and a record low of -4.60 percent in the second quarter of 2009.

Jamaica GDP Annual Growth Rate
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.



Calendar GMT Actual Previous Consensus TEForecast
2017-03-31 09:00 PM GDP Growth Rate YoY 1.1% 2.0% 1.5%
2017-07-06 11:50 PM GDP Growth Rate YoY 0.1% 1.4% 1.5%
2017-09-30 12:00 AM GDP Growth Rate YoY -0.1% 0.1% 0.4%
2017-12-29 06:00 PM GDP Growth Rate YoY -0.1% 1.7%


Jamaica GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 -0.90 2.60 -2.50 percent [+]
GDP Annual Growth Rate -0.10 0.10 4.30 -4.60 percent [+]
GDP 14.03 14.26 14.75 0.70 USD Billion [+]
GDP per capita 4796.00 4746.50 5368.50 3466.60 USD [+]
GDP per capita PPP 8190.00 8105.40 8681.40 7286.20 USD [+]
Gdp Constant Prices 189755.00 189037.00 194147.00 163584.00 USD Million [+]
Gdp From Agriculture 13835.00 13822.00 15745.00 7631.00 USD Million [+]
Gdp From Construction 12396.00 14335.00 18118.00 11454.00 USD Million [+]
Gdp From Manufacturing 15827.00 16189.00 23548.00 14652.00 USD Million [+]
Gdp From Mining 3820.00 3855.00 8526.00 3161.00 USD Million [+]
Gdp From Services 32902.00 33173.00 36733.00 30200.00 USD Million [+]
Gdp From Transport 21410.00 20232.00 23461.00 13697.00 USD Million [+]
Gdp From Utilities 6198.00 5956.00 6618.00 4158.00 USD Million [+]


Jamaica GDP Annual Growth Rate

Jamaica, a small island nation situated in a strategic position near the Panama Canal, is the slowest growing economy in the Caribbean. Services, with tourism employing 10 percent of the population, is the most important sector of the economy and accounts for around 60 percent of GDP. Jamaica’s large shadow economy and lax tax regulations have translated into persistent fiscal deficits and heavy dependence on remittances. Bureaucracy, high energy costs and a slow, inefficient legal system are hampering foreign direct investments and private initiative. High unemployment and drug related crime are also issues that need to be addressed. This page provides - Jamaica GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 0.10 4.30 -4.60 1997 - 2017 percent Quarterly
NSA




GDP annual growth rate by Country
Country Last
China 6.80 Sep/17
India 5.70 Jun/17
Turkey 5.10 Jun/17
Indonesia 5.06 Sep/17
Canada 3.70 Jun/17
South Korea 3.60 Sep/17
Spain 3.10 Sep/17
Netherlands 3.00 Sep/17
Germany 2.80 Sep/17
Euro Area 2.50 Sep/17
United States 2.30 Sep/17
France 2.20 Sep/17
Australia 1.80 Jun/17
Italy 1.80 Sep/17
Russia 1.80 Sep/17
Japan 1.70 Sep/17
Mexico 1.60 Sep/17
United Kingdom 1.50 Sep/17
Brazil 0.30 Jun/17
Switzerland 0.30 Jun/17